STX 0.00% 21.5¢ strike energy limited

Ann: Clarification - ASX Announcement 14 January 2019, page-7

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  1. 31 Posts.
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    "Telling us they are aborting the Cooper Basin"
    WTF, How do you come to that conclusion by an estimates update for a totally different project.

    STX have just cleared the horizontal blockage and about to re-start pumping,  

    With the blockage now cleared my optimism on the Jaws project is higher today then it was 3 months ago. With original modeling based on a desorption pressure of 300 psi, we all had a figure to eagerly await for. With pumping continuing and pressure still dropping past this point and seemingly nothing happening even I was beginning to have doubts (Yes I am this projects biggest optimist).
    With the new / known desorption pressure of 215-225 psi this well is now back on track. From the gas spike we now know these coals are going to give up their gas and we also know at what pressure.

    With a quote from the Q4 report 
    "Major gas release on New Year’s Day provides strongindication of reservoir quality and potential for futurematerial gas flows."

    My only hope now is there are no more down hole issues. 

 
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